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San Diego Real Estate Update: Another San Diego Property SOLD! This one’s a duplex in Ocean Beach located @ 4673 and 46731/2 Lotus St, just a few blocks from the beach and is another one of Tom’s recently sold properties. The 2 bedroom front unit was just completely remodeled with solid surface counters, new cabinets, all stainless appliances, oak hardwood floors, and it has a private laundry. My first time buyers will soon be remodeling the nearly identical back unit in similar fashion and after the work is completed, they will live in the rear unit while renting the front. I commend Lucy and Mark for their very forward thinking and financially innovative plan to achieve homeownership while having someone else help them pay off their loan. Very smart way to go! Final price of $635K. VERY best of luck to Lucy and Mark. You both were a pleasure to … Continue reading
Posted By: Tom Mattix 5:51 PM Monday, April 13, 2015
New San Diego area real estate listing – 13130 Decant Dr, Poway! If “location” is Rule #1 then look no further. This charming home is located in Vineland Hills, an unsurpassed neighborhood in Poway. Highly regarded for it’s family neighborhoods, award winning schools, and close proximity to shopping, parks, playgrounds, restaurants, I-15, etc. The single story 3 BRM home is pristine and immaculate in every way with an open floor plan, abundance of gorgeous hardwood floors, brand new kitchen, MBR BA and paint throughout. The home even comes with a huge backyard with no homes behind, newer A/C and is professionally landscaped. Call Tom @ 619-818-6442 for additional details. View the virtual tour here.
Posted By: Tom Mattix 6:27 PM Friday, April 10, 2015
San Diego Real Estate Update: Another San Diego Property SOLD! 4489 Bertha St in Clairemont is one of Tom’s recent sold properties. Just completely remodeled, this home is located in a super family neighborhood, has 3 BRMs, 2 BAs and is a 1 story beauty. Maybe best of all, the home enjoys 100% privacy in the huge backyard. The home also has: a very open floor plan; granite counters; new cabinets; all stainless appliances; hardwood floors and new fencing. Final price of $569K. Tom represented first-time buyers, Kris & Kristen. VERY best of luck to you both! I loved working with you.
Posted By: Tom Mattix 10:07 AM Tuesday, April 7, 2015
San Diego Real Estate Update: Another San Diego Property SOLD! 5927 Bark St in the Redwood Village neighborhood of San Diego is one of Tom’s recent sold properties. Meticulously remodeled, this darling 2 BRM, 1BA single story cottage has: a super and open floor plan; granite counters; stainless appliances; new carpet; beautiful front yard with new fencing; a huge back yard with patio; and drumroll please… the cul-de-sac location is a big, big bonus! It took us a while to find this GEM but patience and perseverance paid off. All for $324.5K. Tom represented the buyer! VERY best of luck to Paul! You were an absolute joy to work with.
Posted By: Tom Mattix 10:10 AM Tuesday, March 17, 2015
San Diego Real Estate Update: Property SOLD! 1253 Grand Ave located in Pacific Beach just sold for $660K. This detached home is extraordinarily unique, one-of-a-kind, plus it’s located at the beach! The ocean, Sail Bay and all PB attractions are close by. Stunningly gorgeous, this DETACHED home has 3 large bedrooms, 2.5 baths, an open floor plan, innumerable high quality upgrades, 2 patios, a bit of a view, 2 car garage, inside laundry, tons of storage, and here’s the unique part… a TWO STORY 171 sq ft SUNROOM! See the virtual tour from Tom’s latest San Diego Real Estate sale. Tom represented the sellers and best of luck with your new home to the first time buyers.
Posted By: Tom Mattix 12:09 PM Tuesday, February 17, 2015
Interesting is that as recent as 3 months ago, news on the local housing front was mixed. It was mostly good news with median prices and inventory climbing and market time decreasing. Yet concerning was that closed sales were down quite a bit from what we would normally expect….and like to see. Within the last 10 days here is the question which I have answered no less than a dozen times. Question: I am considering a home purchase during the next 12 months and would like to know what are the predictions for 2015? Answer: Within the last 2 months, things seem to have changed. Whether it winds up being a short term swing or a longer term trend will take another 2+ months to be more assured but here’s what I know presently. First, for perspective, please review my posts below from 12/26 (Trulia’s Hottest Markets for 2015) and … Continue reading
Posted By: Tom Mattix 1:24 PM Wednesday, January 21, 2015
This San Diego real estate video report covers central San Diego County by providing data for 20 communities (e.g., Pacific Beach, downtown, Scripps Ranch, etc.). In this report, I will specifically address the latest data and trends for both detached and attached (condo) homes on sale, median prices, inventory, changes from the previous month and the same month last year, interest rate trends and more. The video you are about to see (click on the photo in this post) is an abbreviated version of my in-depth “Real Estate Report” which can be viewed as a printable pdf and is available online HERE. Please feel free to share this report with your friends.
Posted By: Tom Mattix 12:03 PM Thursday, January 15, 2015
San Diego Real Estate Update: Property SOLD! 4418 56th Street in the El Cerrito neighborhood of San Diego is Tom’s most recent sold property. Meticulously remodeled, this 2 BRM, 2BA one story home has: a super and open floor plan; a very large and cozy courtyard; a huge backyard; an abundance of natural light; a new kitchen with granite counters, & stainless steel appliances; a supersized rear deck and (drumroll!!!)… a VIEW! It took us a while to find this GEM but patience and perseverance paid off. All for $445K. Tom represented the buyers! Good luck to Mario and Dee!
Posted By: Tom Mattix 9:40 AM Wednesday, January 14, 2015
Every December, Trulia takes a look at a multitude of economic data and picks the top real estate markets to watch in the new year. Not surprising, San Diego is included as one of the top 10 markets. First, it is important to understand what is it that drives real estate market trends given where we are in the current stage of the housing recovery? Well, the real estate market is now increasingly dependent on strong economic and demographic fundamentals such as job growth, rising incomes, and more household formation. Because of this, Trulia’s top10 market list is comprised of locations where there exists strong fundamentals for housing activity including: solid job growth, which fuels housing demand; a low vacancy rate, which spurs construction; and markets with a higher share of millennials. These young adults are getting back to work and that will drive household formation and housing demand. To paraphrase, … Continue reading
Posted By: Tom Mattix 4:17 PM Friday, December 26, 2014
Big News for San Diego Real Estate: New 3% Loans For 1st Time Buyers! Intro: Fannie Mae and Freddie Mac, the two giant Government Sponsored Entities (GSE’s), do not make mortgage loans, but instead, buy them from lenders and then wrap them into securities and provide guarantees to make investors whole if the loans default. This procedure provides liquidity in the mortgage market, allowing lenders to make even more loans. Now the News: Both Fannie and Freddie announced details yesterday on a new low down-payment mortgage program which is designed to open homeownership to thousands of cash-strapped first time borrowers with down payments as low as 3%. Some of the details: 3% downpayment loans will be made available only to first-time buyers….defined as buyers who haven’t owned a home for at least 3 years or those buyers who do not make more than their area’s median income. Many of … Continue reading
Posted By: Tom Mattix 11:48 AM Wednesday, December 10, 2014